US Dept of the Treasury Seized Real Property Banner
Frequently Asked Questions


How do I participate in an on-site auction?

Where are auctions held?

What type of property is auctioned?

Should I inspect the Real Property?

Do I have to be present to partipate/How do I submit a written bid for an on-site auction?

Can I bid on the Internet?

Can I get a good deal at these auctions?

How does the deposit work?

What happens to my deposit check if I am not the winning bidder?

When multiple properties are being sold at the same time and location, how many deposit checks do I need if I wish to bid on more than one property?

Is there a minimum bid?

What is the reserve price?

How is the opening bid established?

Do I need to read the Terms of Sale?

How does a closing work/When is payment due?

What forms of payment are acceptable?

What happens if I can't close?

Is financing available?

Do I get a clear title?

What is a Special Warranty Deed?

Do I need a Broker?

Are there any restrictions on who can bid?

If I am not a U.S. citizen, may I participate?

If I am a Government Employee, may I participate?

Why is property seized?

How do I know this is a reputable auction?

Are there any fees?

 


Still have a question? Click here to email us or call the Public Auction Line at (703) 273-7373. Please include the address of the property that you are interested in.